You Expect to Receive $1,000 at the End of Each

question 32

Multiple Choice

You expect to receive $1,000 at the end of each of the next 3 years.You will deposit these payments into an account which pays 10 percent compounded semiannually.What is the future value of these payments,that is,the value at the end of the third year?

• A) $3,000
• B) $3,310
• C) $3,318
• D) $3,401
• E) $3,438

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Definitions:

Alternative Plans

Contingent strategies prepared to address potential challenges or opportunities that may affect original plans.

Executive Summary

A concise document or section of a document that summarizes the main points of a larger report or proposal.

Timeline

A chronological representation of events, tasks, or milestones, often used in planning and project management to visualize sequences and duration.

Marketing Research

The process of gathering, analyzing, and interpreting information about a market, including about potential and existing customers.